UBA set to tap 2018s as bullish run stalls
UniCredit Bank Austria was set to print the day's only new senior unsecured paper in euros on Thursday as the bond rally suffered a pullback on concerns about a potential end to US asset purchases.
UBA was out early on Thursday morning, hitting the screens at 7.18am in London with a maximum 250m tap of the 2.625% 500m January 2018 bond it priced at 163bp in January.
The bank chose the same syndicate of BayernLB, BNP Paribas, DZ Bank, Danske Bank and UniCredit,
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